Credit cards have been in use for almost 75 years. Some long-ago decisions still cause consequences in the present day. But change is possible.
Previous issues of Bits about Money
Leverage is actually reasonably easy to understand, both in the math and in the implications for financial firms.
How physics and infrastructure combine to generate (ba dum bum) the power market.
Community access to banking is downstream of siting decisions in commercial real estate, in fascinating detail.
Counterintuitively, businesses, customers, and society prefer having fraud to what they'd need to do to not have it.
Ever wondered how bank branches work at a nuts-and-bolts level? Let's dig into the logic and economics of them.
Deposit insurance is the backstop that guarantees the money-ness of deposits. Here's how it works under the covers.
Deposits are a public/private partnership which create generally usable money out of risky banking activities.
There are a few different mechanisms underpinning commonly used stablecoins. Some of them may not perish in a fire.
I made a video game about reconciliation. Here's the textual version of it.
Shenzhen baseboard manufacturers, bicoastal U.S. tech companies, mom-and-pop factories throughout the Western world, and a global network of artisans bringing a bit of magic to your tabletop.
There exists specialized infrastructure to enable charities, for both operational and tax reasons.
Revenue recognition for software companies is much deeper than many appreciate, and improbably implicates the age-old question "What is the economically useful life of an imaginary sword?"
You can't upload cash... or can you? Convenience stores function as hybrid offline/online spaces for payments and identify verification.
SWIFT operates a messaging protocol which ties banks together with correspondent banks. This collaboration enables most international wires.
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I write about once a week, on the intersection of tech, financial infrastructure, and systems thinking. It's free.